Progress
Software Corporation (NASDAQ: PRGS), a global software company that
simplifies and enables the development and deployment of business
applications, announced today that leading investment bank China
Merchants Securities is deploying the Progress® Apama® Capital Markets
platform to bring low latency, algorithmic trading to its Chinese retail
customers; China Merchants Securities also plans to extend its offering
to institutional buy-side clients in the future.

In China’s rapidly-developing securities markets, interest in
algorithmic trading is growing strongly. With the deployment of the
Progress Apama platform, China Merchants Securities has responded to
interest from its high net worth retail customers in algorithmic trading
by providing them with both ready-made and client-specific algorithmic
strategies.

The Apama Capital Markets platform went into production at China
Merchants Securities in Shenzhen in June 2012. Currently, the company
provides eight common strategies for equities and equity derivatives
including volume-weighted average price (VWAP), and also provides
tailor-made strategies to customers. In the future, China Merchants
Securities plans to expand the platform to other asset classes including
financial index futures and commodities futures.

Quotes:

GuangYan Wu, General Manager of Individual Investor Dept. from China
Merchants Securities said: “Algorithmic trading in China has been
growing but few brokerage firms can offer clients a customizable,
scalable and robust algorithmic trading platform with ultra-low latency.
To provide these value-added services to our customers and grow our
retail business, we decided to build our algorithmic trading platform on
top of the Progress Apama Platform. Our first goal is to expand our
presence in retail markets followed by our institutional buy-side
clients.”

Richard Bentley, vice president of capital markets at Progress Software,
said: “China Merchants Securities chose Apama over more than 10
competitors because Progress demonstrated to its IT team that it had the
most customizable and scalable algorithmic platform offering. Our team
worked closely with China Merchants Securities to ensure the bank could
build highly-targeted trading strategies specific to the Chinese market.”

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) simplifies the development,
deployment and management of business applications on-premise or on any
Cloud, on any platform and on any device with minimal IT complexity and
low total cost of ownership. Progress Software can be reached at www.progress.com
or 1-781-280-4000.

Founded in August 8, 1991, China Merchants Securities is a leading
enterprise under China Merchants Group. In November 2009, China
Merchants Securities made a successful IPO and was listed in the
Shanghai Securities Exchange (Trading code: 600999).

Progress and Apama are trademarks or registered trademarks of Progress
Software Corporation or one of its subsidiaries or affiliates in the
U.S. and other countries. Any other marks contained herein may be
trademarks of their respective owners.

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